Advent Capital Balanced Strategy Update
BALANCED STRATEGY PERFORMANCE
Composite Risk/Return Characteristics
As of July 31, 2020
Balanced Convertible Institutional Composite (Gross)
Balanced Convertible Institutional Composite (Net)
ICE BofA US Convertible Index (VXAO)
S&P 500 Index
Russell 2000 Index
YTD
13.52
13.09
15.03
2.38
(10.57)
1 Year
19.26
18.67
21.64
3 Year
Ann.
12.42
11.88
13.59
11.96
12.01
(4.59) 2.69
5 Year
Ann.
9.65
9.14
10.85
11.49
5.10
10 Year
Ann.
10.58
10.06
11.17
13.84
10.07
15 Year
Ann.
8.74
8.19
8.60
8.96
6.77
Since Inception
Ann. Return
9.73
9.16
8.76
9.24
ADVENT
CAPITAL MANAGEMENT, LLC
7.93
Since Inception Since Inception
Ann. Sharpe
Ann. Standard
Deviation
Ratio
12.55
12.54
12.66
15.10
19.90
GOAL: To Generate a Long-Term Track Record of Equity-Like Returns with Lower Risk
ā
0.60
0.55
0.51
0.46
0.29
The Balanced Composite is the Balanced Convertible Institutional Composite. Inception date of the Balanced Composite was October 1, 1995. Returns presented on a gross basis are substantially higher
than returns presented on a net basis because gross returns do not reflect the deduction of investment advisory fees and other expenses that would be incurred by a client. Investment advisory fees have
a compounding effect in reducing the value of a client portfolio over time. Past performance is not a guarantee of future results. Please see the "Disclosures" section at the end of this presentation.
21View entire presentation